BDCs tap bond market to improve funding mix
A plethora of business development companies have turned to the institutional bond market to refinance their debt.

Fund performance: CLO funds pick up where they left off
A round-up of fund performance

Audax prices first mid market CLO of the year
Audax Private Debt has priced its third CLO in a deal arranged by Wells Fargo, which so far has a monopoly as arranger for the private debt manager.

Fund performance: Presents under the tree as CLO funds perform

Golub and Wells Fargo open 2020 CLO primary market
Golub Capital Partners has priced the first transaction in the CLO market this year

Mid market deal flow picks up as Antares prices $400 million CLO
Middle market CLO formation has picked up with Antares Capital pricing a $400.8 million yesterday to mark the ninth transaction since the start of November

Fund performance: Long-short funds rule in October as CLO funds struggle
A round-up of fund performance

Golub sets new record with seventh US CLO of 2019
Golub Capital Partners has become the first CLO manager to price seven new issues in the US market since 2010

Crescent swoops into mid market CLOs with 'reverse-sequential' ramp-up strategy
Crescent Capital Group is launching its debut CLO backed by middle market loans and has opted to use an unusual ramp-up tactic

HSBC notches up first US CLO arranging credit
HSBC has teamed up with Natixis as co-arranger on the latest new issue CLO from Cerberus Business Finance

Audax goes for longer reinvestment period with second mid market CLO
Audax Private Debt yesterday priced its second CLO backed by loans to middle market companies, according to market sources

Churchill splits double Bs for first mid market CLO in two years
Churchill Asset Management has priced its first middle market CLO of the year in a transaction which underlines how lower-rated CLO debt tranches are increasingly being carved up into senior and junior pieces

Owl Rock gives two hoots after issuing second low-levered CLO
Owl Rock is sticking to its low-levered CLO strategy after pricing Owl Rock CLO II, backed by middle market loans, on Friday

The manager, not the market, decides value in direct lending
Mid market loan spreads are contracting, but that’s a reflection of low volatility not excess cash

Fund performance
A round-up of fund performance click here.

Barings prices CLO backed by mid market loans
Barings has produced its third CLO transaction backed by loans to middle market companies

Fund performance
A round-up of fund performance

Fund performance
A round-up of fund performance

PennantPark makes CLO market debut amid fundraising spree
PennantPark Investment Advisers, a New York-headquartered direct lending firm, yesterday priced its first ever CLO, becoming the US market’s eighth debut manager of 2019

Barclays makes mid market CLO breakthrough with first transaction
Barclays has got its middle market CLO business off the ground

Upper mid-market yields value on price and leverage
Direct lenders are getting access to greater deal flow in the upper middle-market with private equity sponsors leaning towards private credit after a torrid end to last year in the broadly syndicated loan market.

Apollo's MidCap returns to mid market CLOs with $509 million deal
MidCap Financial priced its first middle market CLO of the year yesterday, ending the manager’s 11 month hiatus

PE hold periods have shrunk but fast acquisitions can lead to botched integrations
Buyout multiples are likely to stay high – but moving fast and specialising can help firms make money